They have a short mine life (I think less than 5 years at goose creek) but the cost of producing the concentrate is next to nothing as the mineralisation is in the top 3 meters :) with good concentrations of zircon. (most other mineral sands producers have to go down 20+ meters....)
They also have prospects in far north queensland and the ord rivier.
I assume that the money coming in from the tiwis will fund exploration in queensland etc.
cheers.
MAL Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held